COMMENTARY

U.S. monomer contracts pushed higher last week on rising feedstock costs and tighter market conditions. Producers are moderating production in response to weakening demand, sources say. Ethylene contracts settled up 3 cts/lb, and producers have nominated increases of 5 cts/lb and 7 cts/lb for April contracts, sources say. U.S. butadiene contracts for April settled 5 cts higher, to 69 cts/lb, a sizable increase but still below the 8 cts-10 cts/lb that have been nominated. A major producer revised its nomination downward, and a competitive pricing situation...

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